“We are very excited to add a player the caliber of Deron Williams to our roster,” Nets general manager Billy King said Wednesday in confirming the blockbuster trade.

“He is one of the premier point guards in the NBA, and his skill and talent level will bolster our franchise as we continue to build towards our goal of becoming a championship-caliber team.”

The 6-foot-3 Williams was selected third overall in the first round of the 2005 NBA draft by Utah from Illinois. He is in his sixth NBA season and holds career averages of 17.3 points, 3.2 rebounds, 9.1 assists and 1.0 steals in 35.6 minutes per game.

In 439 career games, including 406 starts, he has shot .466 (2,725-5,848) from the field, .358 (511-1,427) from three-point range and .808 (1,615-1,998) from the free throw line. In 44 career postseason games, Williams has averaged 21.1 points, 3.7 rebounds, 9.6 assists and 1.2 steals 40.4 minutes, while shooting .458 (308-672) from the field and .796 (238-299) from the line.

Jazz general manager Kevin O’Connor also confirmed the deal, saying it was a “win-win” situation for both teams.

“We feel that we’ve addressed a current need at point guard with Deron’s departure, as well as the future with draft picks and a big man,” said O’Connor. “To do so we had to give up an All-Star, but we feel like this is a win for both sides.”

The deal comes two days after the Nets failed to land Carmelo Anthony, who was acquired by the New York Knicks as part of a blockbuster deal with the Denver Nuggets. Harris, a former All-Star point guard, and Favors, the No. 3 pick in the draft, were part of the package the Nets were offering the Nuggets all season for Anthony.

The Jazz were a perennial contender with Williams, but his reputation took a hit when Hall of Fame coach Jerry Sloan retired one day after clashing with him during a game. Sloan, reached Wednesday morning at his second home in Illinois, was aware of the trade but didn’t want to say much.

“I have no reaction to what the Jazz are doing. We wish him well,” Sloan said of Williams. “We wish the Jazz well. Good luck to Deron.”

Sloan then said he had to “go rake some leaves right now.”

Williams was expected to be one of the headliners of the 2012 free agent class along with 2008 Olympic teammates Dwight Howard and Chris Paul, and the small-market Jazz could have faced losing him for nothing.

The Nets now hope Williams will sign a contract extension with them, which they can offer this summer. If so, he would become the face of their franchise when they move into their new arena in Brooklyn for the 2012-13 season.

New Jersey has been desperate to make its first score under new owner Mikhail Prokhorov. The Nets talked with LeBron James, Dwyane Wade and Chris Bosh last summer and when that failed they turned their attention to Anthony. They quickly bounced back from the disappointment of missing out on him with Williams, who is averaging 21.3 points and 9.7 assists.

The trade was a stunner on the day before the NBA’s trading deadline. Williams was expecting to play with the Mavs in his hometown of Dallas when the deal was agreed to.

“Utah traded DWill??” Paul wrote on his Twitter page, adding hashtags with “EpicFail” and “notagoodlook.”

Williams joins the exodus of top West players heading East, following Amare Stoudemire’s move from Phoenix to New York and Anthony’s deal to the Knicks. The Jazz are only a half-game ahead of Memphis for the final playoff spot in the West and will have to try to hold on without their best player.

Sports Hub Audio

During Hour 3 of Felger and Massarotti, the guys got back into the Patriots and Darrelle Revis’ future in New England. Is there any chance the Patriots could keep Revis and Devin McCourty? Finally, Mike and Tony discussed today’s Red Sox lineup against Northeastern University.

In Hour 2, Felger and Mazz got into the Boston Red Sox and today’s lineup against Northeastern University. Mike and Tony continued to take calls on yesterday’s NHL Trade Deadline and the Patriots off-season decision making.